Semantic differential items were reconfigured to assess relationship satisfaction across separate positive and negative attitude dimensions. Study 1 (N = 1,656) supported a 2‐factor model for the Positive and Negative Semantic Differential (PN–SMD), as well as its convergent, criterion‐related, and incremental validity over the 16‐item Couples Satisfaction Index (CSI; J. L. Funk & R. D. Rogge, 2007) using known correlates of relationship satisfaction as criteria. Study 2 (N = 89) replicated the convergent, criterion‐related, and incremental validity findings of Study 1 using different criterion measures, the CSI, a bipolar semantic differential measure designed for assessing relationship satisfaction, and an existing 2‐dimensional measure of relationship satisfaction. The authors demonstrated across studies that the PN–SMD captures criterion‐relevant information about ambivalence versus indifference toward the relationship—associations that are only detectable when using a 2‐dimensional satisfaction measure.